Research Fellow

My research interest lies in cryptocurrencies and blockchain technologies focused on Decentralized Finance (DeFi), analyses of incentives in protocols, cryptocurrency adoption, smart contracts, and tokenomics.

I am a Research Fellow at Gillmore Centre for Financial Technology. Previosly I lead the research and development of DeFi protocols and spearheaded the design of blockchain economic models at Polygon. I have worked in quantitative roles in traditional finance firms like JPMorgan Chase and ICICI bank. I started my career as a computational fluid dynamics engineer at Ansys.

I hold a PhD in Economics from the University of Warwick, an MA in economics from the Delhi School of Economics, and a Bachelor of Technology from IIT Kanpur.

My research shows that transparent quantitative models can be built to make the DeFi protocols financially stable. The risk assessment simulations can be used to design better DeFi protocols e.g. liquidation logic in Lending protocols. I have worked on stablecoins design. My work shows how blockchain scaling solutions make decentralized exchanges a viable alternative to CLOB-based centralized exchanges. My research also explores the fundamental determinant of interest rates in the cryptocurrency market. I am working on the incentive design of a multi-chain ecosystem with exponential scaling capacity that aims to provide a decentralized internet infrastructure.

  • Decentralized Finance (DeFi)
  • Cryptoeconomics
  • Token design
  • Smart contracts
  • Cooking food and minting blocks
  • PhD in Economics

    University of Warwick

  • MRes in Economics, distinction

    University of Warwick

  • MA in Economics, 2014

    Delhi School of Economics

  • BTech in Chemical Engineering, 2006

    Indian Institute of Technology, Kanpur

Selected Press

  • Bloomberg. Mukherjee, A. (2023, Jan 12). When Terminator Robots Police Loan Markets.
  • Cointelegraph. Anderson, D. (2022, December 31). Proof of reserves is becoming more effective, but not all its challenges are technical.
  • Cointelegraph. Chaudhary, A. (2022, December 30). What to expect from crypto the year after FTX.
  • Messari. Oghenekaro, E. (2022, December 21). Gauntlet’s Proposal for Aave Protocol Risk Management: Failure and Future.
  • Cointelegraph. Singer, A. (2022, December 7). Decentralized identity: Proving it’s really you in the 21st Century.
  • Be In Crypto. Gogo, G. (2022, November 22). Decentralized Credit Scores: Polygon Looks to Disrupt Market With Its New Identity System.
  • The Defiant. Chaudhary, A. (2022, November 14). A Recipe for Making DeFi Lending Sustainable and Stable.
  • Bloomberg. Mukherjee, A. (2022, May 16). The World’s Best Stablecoin Has Advice for Newbies.
  • Washington Post. Mukherjee, A. (2022, May 16). The World’s Best Stablecoin Has Advice for Newbies.
  • Vox EU. Viswanath-Natraj, G; Chaudhary, A . (2022, May 13). Algorithmic stablecoins and devaluation risk.
  • Ideas For India. Chaudhary, A; Yuan, S. (2022, April 28). Private returns to bureaucratic appointments: Evidence from financial disclosures in India.

Recent Talks

The road ahead: challenges and opportunities for DeFi and CBDCs
The road ahead: challenges and opportunities for DeFi and CBDCs

DeFi Conference hosted by the BIS Innovation Hub and the Swiss National Bank.

Financial stability in DeFi protocols
Financial stability in DeFi protocols

Polygon Ignite at ETH Amsterdam.

Polygon Ecosystem and Exploring DeFi
Polygon Ecosystem and Exploring DeFi

ETH Anglia: Exploring DeFi